Been following this thread for some time.

Quite surprised you said the above considering you used to be vested in china stocks.

Regarding myself .... after 7 years as property owner, I decided to sell off my property to go back to renting.

Have to offer my property at a small discount in the current slow market - now waiting for potential buyer.

Anyway, I'm a confirmed bachelor, haha, so don't have to care what in-laws think. Furthermore, I think overall net worth is more important than owning a property.

No lah! Considering I bought before the property bull run ... If I do that, people will probably queue up outside my property from midnight with cheques in hand

Small disc from latest transacted prices.

1. Nope. Financially stronger than most. Just that I see better opportunities elsewhere.

2. Confirmed bachelor = bachelor for life. Unless I happen to meet someone that rocked my world - but I'm a realist, not a romantic.

3. Maybe, maybe not.

4. They live in a semi-d with extra land in a land scarce island up north - a prop partially owned by my humble self at considerable opportunity cost. Am I not a good son

My nice agent just sold my apartment an hour ago

For my experience of trying to sell the unit for past few months, those looking for own stay and small time investors are too scared of this and that to commit to a purchase, or they are looking for the non-existant "perfect property". So my unit is sold to a big-time investor who already owns lots of properties - he's able to put emotions aside and see that I offer a reasonable deal.

I am free (and homeless )

I'll be renting for some time but I might eventually buy again if I find a suitable property, maybe even a Prima unit. But definitely not those studios/1BR selling for RM400k-500k or 1000sq ft selling for RM700k-1m - ridiculous!

This post has been edited by Spartacus 2.0: Oct 10 2015, 07:35 PM

To me, property is a bit of a Ponzi scheme.

People say the richest ppl all own property - but the richest ppl are property developers, not those who rent out a few residential properties.

Buy-and-hold is workable and can make you rich if you own commercial or landed residential in prime areas like Damansara Uptown/Bangsar (or an area that later became prime).

But if you own an expensive serviced apartment in Kepong/Batu Caves or a landed hse in Salak Tinggi/Gombak , the property might go up in price in line with inflation but can you sell it after 20-30 years? Will ppl be so hard up for a Gombak address that they will buy over a run-down property there and rebuild it?